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Tuesday, November 20, 2007

Don't Fall in Line

There is no news to trade on today. Just the battle of bearish, recession-coming sentiment vs. stocks are oversold sentiment. Some helpful retail numbers and tech earnings boosted the market early, and it has since faltered. Investors are going to focus on the past negative news until something changes. Although Wall Street trades on future events, everything is too uncertain right now, and people would rather just get out for now it seems.

The media is pushing negative commentary because it grabs headlines. They don't care what effect it may have on the market. It has little effect overall, but can scare out the individual investor. Listening to these people change their stance every day is not only a waste of time, it actually detracts from being a successful investor.

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About My Blog

Welcome to "In the Know." Here I discuss trends in the market, and how I think investors can profit from them. I'll discuss specific stocks, sectors, and economic/political trends.

I'm a student of the markets and am constantly looking for new ways to gain an edge, but for the most part, I'm a value guy. I think you have to be flexible to be a successful investor, but discipline is by far the most important factor.

Disclaimer: The views expressed on this site are purely opinions of the author and should not be taken as investment advice. The author is not a registered financial advisor, and provides only his own commentary. The author disclaims all liability in any investment purchases made based on information gathered at this site, or through any link provided by this site. Readers should be aware that investments are subject to loss in value, and the author recommends consulting an investment professional before taking any action.